The XRPUSD pair has broken sharply to the upside and is fast approaching its key 200-day moving average, which is located close to the 0.7700 level.
According to the MACD indicator on the daily time frame the XRPUSD pair still has significant upside potential and the ongoing rally is not yet finished.
What the possible outcomes are
In our most likely scenario, the XRPUSD pair will start to rally towards the $0.9000 level after breaking above its key 200-day moving average.
Alternatively, XRPUSD test lower towards the 0.6800 supprot area to attract fresh buying interest and then start to test and eventually break above its key 200-day moving average.
Support 0.6800 0.6500
Resistance 0.7700 0.9000
Written by Admin
Michael Sonnenshein, chief executive officer of Grayscale Investments LLC, speaks virtually during a Crypto Summit ...
Stocks making the biggest moves midday: J.B. Hunt, Charles Schwab, Virgin Galactic, 23andMe and more
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris ...